Laws need that schools deliver Direct Loan and Direct PLUS exit guidance files to guaranty companies and also the Direct Loan plan within 60 times of the consumers doing guidance.
- Guaranty agencies that sponsor Mapping Your Future supply a site to you personally, retrieving exit documents for consumers with financial loans into the Federal Family knowledge Loan Program (FFELP). You nevertheless are responsible for guaranteeing the guaranty companies do this http://www.title-max.com/installment-loans-ri/ on time (details below).
- It is simple to export Direct Loan and Direct PLUS exit records for Direct Loan borrowers when you look at the NSLDS Exit Counseling Submittal Template. You ought to then publish all of all of them to NSLDS (details below). (as a substitute, you can easily print files and post them to your Direct Loan plan.)
ExitExpress gives you several advantages:
- Saves staff some time various other sources into the aid office that is financial
- Advances the protection of exit guidance information
- Improves the exit data procedure by simply making it more effective for several ongoing events included
- Helps with default avoidance attempts through much more accurate and information that is up-to-date
Ensure guarantors retrieve information
You might be however in charge of guaranteeing the guaranty company retrieves their exit information within 60 times of the debtor doing guidance.
You've got a few choices for deciding this in your accessibility Area:
- Guarantor Exception Report: operate this are accountable to determine which exit that is FFELP guarantors never have recovered. To get into the report, login and then click on ExitExpress.
- In case a guarantor have not recovered files as well as the deadline that is 60-day nearing, Mapping your own future advises you print the record and post it in their mind.
- Guidance records which is why Mapping your personal future can not match a guarantor shall can be found in the No Guarantor discovered with this SSN or Date of Birth or No reaction through the Clearinghouse chapters of the Guarantor Exception Report. Proper these records therefore guarantors can access all of all of them (details below).
- Guarantor Rejection Report: operate this are accountable to see exit documents guarantors have denied, suggesting they performednвЂ™t guarantee financial loans when it comes to consumers. To get into the report, login and then click on ExitExpress. Include the most suitable guarantors to your documents (guidelines below) so those companies can recover all of all of them, or manually deliver the files into the guarantors that are correct.
- Specific confirmations: you can easily see whether the guarantor has actually recovered the exit record by considering specific confirmations. An asterisk and a romantic date suggest if the chosen guarantor retrieved the report.
Correct a record or include a guarantor to an archive
Counseling files which is why Mapping your personal future can not match a guarantor shall can be found in the No Guarantor discovered with this SSN or Date of Birth or No reaction through the Clearinghouse chapters of the Guarantor Exception Report.
- You need to compare the guidance record together with your documents to determine the proper information.
- In the event that you determine that the SSN or time of beginning must be updated regarding the guidance record, deliver a message that is e-mail firstname.lastname@example.org such as the verification quantity together with information is updated, asking the Mapping your personal future staff which will make an alteration. Do not deliver A ssn that is full via. Rather, you are able to email the verification quantity and merely the digits that have to be fixed (like the first three) or simply just ask a staff user to make contact with you to definitely have the proper information.
An incorrect guarantor is assigned, or if no guarantor is assigned, you can update that information by adding the correct guarantor for that borrower if mapping Your Future has corrected an exit record
- Start the confirmation record that is individual
- Click the Add/Editor Guarantor for record website link
- Another screen will start
- Choose the combine Guarantor key in the bottom of this web web web page
- Find the appropriate guarantor through the menu that is drop-down
- Click on the Change switch
- Mouse Click Close Window within the top right corner or at the bottom of the web page
In the event that record once was detailed under issue groups such as for example Guarantor Not Found or No reaction from Clearinghouse, after you have verified the record is listed accordingly beneath the s that are guarantor(, you are able to click to get rid of the record through the problem group.
Retrieve exit files for Direct Loan Borrowers
Operate the Guarantor Exception are accountable to figure out which Direct Loan exit documents you will need to deliver towards the Direct Loan plan. Click on the "Create apply for NSLDS upload" connect underneath the "Exit documents readily available for NSLDS upload" group from the are accountable to request these files when you look at the NSLDS Exit guidance Submittal Template.
NOTE: formerly this group in the report ended up being known as "DEPT OF KNOWLEDGE – DIRECT LOANS/NSLDS." As a result of the time of switching the reasoning behind this report, you have documents under both "DEPT OF EDUCATION – DIRECT LOANS/NSLDS" and "Exit records available for NSLDS upload." Documents might only must be shipped from 1 of the groups. As soon as you export the files and flag all of all of them as retrieved, the documents not any longer will show up beneath the "Exit documents readily available for NSLDS upload" and/or "DEPT OF KNOWLEDGE – DIRECT LOANS/NSLDS" group from the Guarantor Exception Report.